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30-10-2014 22:52:00 | by: Administrator | hits: 16891590 | Tags:

Egypt, Hungary explore partnerships in the livestock sector
19-04-2019 | 10:15:00
Egypt Deputy Agriculture Minister for Animal Resources, Mona Mehrez has discussed in a meeting with Hungarian Ambassador in Cairo Peter Kveck means of boosting bilateral cooperation in the field of livestock.
Rohde & Schwarz awarded DVB-T2 terrestrial transmission contract in Egypt
18-04-2019 | 11:18:00
The Egyptian National Media Authority (ENMA) has selected Rohde & Schwarz R&S THU9evo transmitters for a multi-million Dollar contract to support their DVB-T2 network.
Arab Organization for Industrialization inks contract to establish $8 million solar energy station in Eritrea
17-04-2019 | 06:22:00
Arab Organization for Industrialization as signed a contract to establish a solar energy station in Eritrea with a total cost of $8 million.
First tranche of the 400 megawatts Benban Solar Power Plant in Egypt starts operation
16-04-2019 | 15:01:00
The first tranche of the 400MW Benban solar power plant project in Egypt - 65 MW – has been connected to the grid and officially entered commercial operations.
Canon partners with Nafham to offer free online photography and film to Egypt students
16-04-2019 | 05:50:12
Nafham to offer Canon has partnered with Nafham, a free online crowdsourced educational platform, to create an innovative photography and film making online course, ‘Hekayet Sora.’
Egypt, UK agree on boosting economic cooperation
15-04-2019 | 12:49:43
Investment Minister Sahar Nasr discussed with UK Department for International Development Permanent Secretary Matthew Rycroft boosting economic cooperation.
[Egypt] AXA Life Insurance enters bancassurance partnership with Ahli United Bank
15-04-2019 | 08:43:42
AXA Life Insurance Egypt and the Ahli United Bank of Egypt (AUB) have signed a new bancassurance agreement.
Vodafone Egypt picks Red Hat Cloud Suite to streamline operations
11-04-2019 | 06:27:00
Global provider of open source solutions Red Hat, Inc. has announced that Vodafone Egypt has deployed Red Hat Cloud Suite to advance its customer-first digital transformation initiative.
IFC partners with Al Mansour to create jobs for women in Egypt
11-04-2019 | 05:58:00
IFC has entered into partnerships with Al Mansour, owner of prominent food retail chains in Egypt, to increase economic opportunities for women.
Harsco inks seven year growth contract with Egyptian Steel
10-04-2019 | 11:54:00
Harsco Corporation has announced that its Metals & Minerals division has further expanded an existing agreement with Egyptian Steel, the manufacturer of rebar and wire rods in the Middle East and North Africa.
Egypt, IFC sign deal on funding petroleum and natural gas infrastructure projects
10-04-2019 | 06:27:54
Egypt Ministry of Petroleum has signed a memorandum of understanding (MoU) with the International Finance Corporation (IFC) on funding infrastructure projects within the petroleum and natural gas sectors.
IFC launches program to support promising financial technology startups in Egypt
09-04-2019 | 06:00:00
IFC has launched a program to support the development of Egypt’s fintech space that will help startups extend crucial financial services.
IFC, Ministry of Petroleum and Mineral Resources boosts critical energy infrastructure in Egypt
04-04-2019 | 06:50:00
IFC announced a joint effort with Egypt’s Ministry of Petroleum and Mineral Resources that aims to support Egypt in becoming a regional energy hub for Eastern Mediterranean and improve its energy infrastructure.
Egypt, Germany sign protocol on vocational training
03-04-2019 | 08:02:00
The Arab Organization for Industrialization (AOI) and the German federal institution for education have signed a protocol for vocational training.
European Investment Bank invests $15 million in Africa Industrialization Fund to support growth capital investments
02-04-2019 | 15:04:21
The European Investment Bank has signed a commitment of $15 million with the SPE Africa Industrialization I Fund, targeting growth capital investments in SMEs and mid-market companies.
NAS partners with Wanzl and ICT.aero to enhance passenger experience in Morocco
02-04-2019 | 13:01:00
The National Aviation Services (NAS), has partnered with Wanzl and ICT.aero to launch state-of-the-art electronic gates (E-gates) at its Pearl Lounge in the Marrakech Menara Airport departures area, Morocco.
IFC Invests $100 million in glass manufacturer to create jobs, boost growth in Egypt
01-04-2019 | 15:09:33
IFC, a member of the World Bank Group, is providing up to $100 million in financing to the Middle East Glass Manufacturing Company (MEG), Egypt’s maker of glass containers.
[Egypt] Suez Canal Bank opens two branches in Alexandria, Giza
01-04-2019 | 10:56:00
Chairperson and Managing Director of Suez Canal Bank, Hussein Refaei, inaugurated two new branches of the bank, bringing its branch network to 43.
Emirates increases flights to Cairo Egypt to meet rising demand
29-03-2019 | 13:01:50
Emirates has announced it will increase the frequency of flights between Dubai and Cairo, adding four additional flights a week to its existing thrice-daily service.
Telecom Egypt appoints new Board of Directors for the next three years
29-03-2019 | 08:02:00
Telecom Egypt’s Ordinary General Assembly has appointed its board of directors for a new term of three years.
North Africa dominates the desalination market by 80 per cent in Africa, Frost & Sullivan survey
28-03-2019 | 09:28:12
A new study conducted by Frost & Sullivan shows that the desalination market in Africa has recovered from the global economic downturn in 2015-2017.
Egyptair announces direct flights to Washington
26-03-2019 | 11:08:00
Egyptair has announced the expansion of its network by operating 3 weekly Direct (Non-stop) Flights to Washington (Dulles international airport) with its modern Boeing 787-9 (Dreamliner) aircraft.
Egypt government and Visa partner to promote digital payments
26-03-2019 | 06:15:00
Egypt Ministry of Planning, Follow-Up and Administrative Reform has signed a cooperation protocol with Visa Inc for electronic payment to help spread the culture of digital payment.
Telecom Egypt targets 2000 employees with voluntary early retirement program in cost cutting drive
25-03-2019 | 07:49:05
Telecom Egypt has announced that its Board of Directors has approved in its idea to proceed with a voluntary early retirement program to its employees.
SPECTRAMI appoints Yasser Ali as General Manager for Egypt, Levant and North Africa
20-03-2019 | 10:23:18
UAE. Leading value-added distributor, SPECTRAMI announced today that it has appointed Yasser Ali, as the General Manager for Egypt, Levant and North Africa.
Google announces 12 startups to take part in its third Launchpad Accelerator Africa programme
20-03-2019 | 07:35:00
Google has announced the 12 African startups that will take part in its third Launchpad Accelerator Africa programme
Egypt, Denmark collaborate to develop clean power in country
19-03-2019 | 07:46:00
Egypt is working with the Danish Energy Agency to develop more renewable energy in the North African country.
Nissan to cooperate with Egyptian government to develop local auto industry
18-03-2019 | 15:15:00
Nissan Motor Corporation has made known its desire to consolidate its presence in the Egyptian market and cooperate with the Egyptian government in carrying out its ambitious plans for the development of the local auto industry.
[Egypt] Mobile phone market shows signs of recovery, IDC report
14-03-2019 | 07:20:32
Egypt’s mobile phone market saw shipments totaling 14.4 million units in 2018, according to the latest insights from International Data Corporation (IDC).
Regional partners for Jack Ma’s $10 Million Africa Netpreneur Prize Initiative named
06-03-2019 | 02:54:14
NINE from Nigeria, RiseUp from Egypt, and 22 On Sloane from South Africa have been named as the official Western, Northern, and Southern Africa regional for Jack Ma’s Africa Netpreneur Prize Initiative (ANPI) partners.
Microsoft collaborates with Telecom Egypt to extend its global cloud network to Egypt
04-03-2019 | 06:42:00
Microsoft Corp. and Telecom Egypt have announced their collaboration to extend Microsoft's cloud network to Egypt.
Telecom Egypt and Nokia to build cloud infrastructure for IoT rollout in Egypt
01-03-2019 | 14:37:02
Nokia and Telecom Egypt have announced plans to build the first cloud infrastructure in Egypt exclusively for Internet of Things (IoT) services.
Telecom Egypt and Nokia sign Memorandum of Understanding to introduce 5G network and test use cases
01-03-2019 | 09:47:00
Telecom Egypt today announced that it has signed a Memorandum of Understanding (MoU) with Nokia to introduce 5G network and test use cases.
Nigeria’s Dangote tops short list of African billionaires, Bloomberg Billionaires Index
28-02-2019 | 10:12:00
Aliko Dangote’s $17 billion net worth makes the Nigerian the richest person in Africa and the only member of the Bloomberg Billionaires Index from one of the 60 poorest countries.
Growth in hardcopy peripherals shipments across META highlights continued potential for print, IDC study
28-02-2019 | 05:52:00
The overall META hardcopy peripherals market posted robust year-on-year growth in both units and value in 2018, according to the latest insights from IDC.
Mobile money accounts increase by 20% to more than 866 million worldwide, GSMA report
26-02-2019 | 09:22:00
GSMA has unveiled its eighth annual ‘State of the Industry Report on Mobile Money’, offering a current snapshot of the mobile money landscape.
Telecom Egypt records LE 3.5b profit in 2018
25-02-2019 | 09:49:41
Telecom Egypt recorded consolidated profits of LE 3.49 billion during 2018, compared to LE 3.05 billion in 2017 including minority rights, with an increase of 14.26 percent.
UNIDO pilots Better Cotton Initiative in Egypt towards sustainable cotton production
21-02-2019 | 11:18:48
The United Nations Industrial Development Organization (UNIDO) has launched the Better Cotton Initiative (BCI) pilot in the country to support the Egyptian Cotton branding.
IFAD, Egypt sign $81 million deal to promote resilience in desert environments
20-02-2019 | 06:52:00
IFAD and Egypt have signed a financing agreement to reduce poverty and enhance food and nutrition security for 450,000 rural people in the Matrouh Governorate.
Telecom Egypt and Vodafone Egypt reach agreements on transmission, infrastructure services and dividend distribution
19-02-2019 | 07:30:41
Telecom Egypt (TE) and Vodafone Egypt have announced the signing of two ten-year transmission and infrastructure agreements with a total value of EGP 10.85bn.
Eni granted two exploration blocks onshore Egypt
18-02-2019 | 09:38:00
Egyptian authorities have granted Eni two exploration blocks onshore Egypt, the first block assigned within the EGPC 2018 competitive bid round
Telecom Egypt signs agreement with Orange Data to provide high-speed bitstream services
15-02-2019 | 07:01:14
Telecom Egypt and Orange Data have signed new agreement on bitstream access services.
Egypt international remittance market to hit $20.5 billion by 2023, Ken Research
14-02-2019 | 05:33:49
Remittance Market, International, Domestic and Bill Payments, in Egypt is still in its growth stage and a large portion of the remittance has to be formalized.
Egypt receives €18m grant from EU to finance six projects
12-02-2019 | 08:07:30
Egypt has received grants worth €18 million for six development projects as part of the first phase of the European Union (EU) Cross Border Cooperation (CBC) program.
[Egypt] Radisson Hotel Group signs portfolio deal for six hotels
11-02-2019 | 10:19:00
Radisson Hotel Group has signed six new hotels in Egypt as part of a portfolio deal across a number of its brands.
Egypt government enters into a $500 million supermarkets deal with Lulu Group International
08-02-2019 | 13:28:40
The Egyptian government, represented in the Ministry of Supply and Internal Trade has signed an agreement with LuLu Group International, which is specialized in retail trade.
OECD upgrades Egypt’s rank in Country Risk Classification
07-02-2019 | 07:16:50
The Organization for Economic Co-operation and Development (OECD) upgraded Egypt’s ranking in the Country Risk Classification to five.
Germany’s investments in Egypt tops $7billion
06-02-2019 | 10:40:12
Germany has invested at least $7.1 billion across different Egypt fields with some 1215 German companies operating in the country.
Egyptian Exchange activates Tunisian Exchange MoU
05-02-2019 | 13:03:54
The Egyptian Exchange has started activating the MoU with Tunisian Stock Exchange in preparation for the 17th Joint High Committee Meetings which will be hosted by Tunisia in the first quarter of 2019.
Egypt's bourse launches new index
04-02-2019 | 07:02:00
The Egyptian Exchange has launched a new fixed-weighted index dubbed "EGX30 Capped" that will include the activities of top 30 companies in terms of liquidity.
Telecom Egypt announces changes in its board of directors
01-02-2019 | 13:08:40
The government of Egypt, being Telecom Egypt’s major shareholder with an ownership of 80%, has announced changing some of its representatives in Telecom Egypt’s Board of Directors.
Enterprise partners with Premier Group to drive car hire growth in Egypt
01-02-2019 | 06:49:54
Enterprise Holdings has announced its expansion into Egypt through a partnership with Premier Group.
Clarivate Analytics partners with the Egyptian Knowledge Bank to launch Converis
29-01-2019 | 10:30:11
Clarivate Analytics has partnered with the Egyptian Knowledge Bank to launch Converis and implement a national research management system.
Serbian flights to Cairo to resume in 2019
28-01-2019 | 10:11:55
Direct flights connecting Cairo to Serbia’s capital Belgrade will be resumed during 2019, after more than a decade of suspension.
Solar-plus-storage beats combined-cycle gas in Jordan and Morocco, study
22-01-2019 | 14:51:00
Solar-plus-storage is already competitive with the world's most efficient form of gas generation in Morocco and Jordan, according to new research from Wood Mackenzie Power & Renewables.
[Egypt] EGX finishes the development of its 30 index methodology
22-01-2019 | 13:25:00
The Egyptian Exchange (EGX) has finished the process of developing the methodology of entering the listing companies into EGX 30 index, as per its attempts to increase the efficiency of all market indices.
Egypt, Tunisia sign working program on fishing
22-01-2019 | 07:09:03
Egypt and Tunisia have signed a working program to exchange expertise in the fields of sea fishing and fish farming for 2019/20.
Mercedes-Benz considers car assembly in Egypt
21-01-2019 | 11:57:00
“Egypt is an attractive and competitive location for production and supporting logistics. With the planned local assembly we are confident to be able to expand our market position."
Afreximbank lends $170 million to Orascom for Pan African expansion
18-01-2019 | 08:34:02
The African Export-Import Bank (Afreximbank) has signed a facility agreement lending $170 million to Egypt-based conglomerate Orascom Investment Holding.
Mercedes-Benz mulls resuming production in Egypt
18-01-2019 | 06:22:41
Global vehicle manufacturer Mercedes-Benz looks forward to resuming production in Egypt soon, a senior official of the company has said.
[Egypt] Benban Solar Park set to become world’s largest solar installation
17-01-2019 | 06:48:09
Until recently, Egypt’s government spent more on electricity subsidies than it spent on education, health care, and social welfare combined.
Egypt and Jordan sign supplemental deals on natural gas
15-01-2019 | 14:14:57
Egypt Petroleum Minister Tareq el Mulla has held a meeting with Jordanian Minister of energy and mineral wealth Hala Zawati to discuss the latest developments of joint energy projects.
North Africa, Middle East economic growth improve on strengthened oil exports, imports, World Bank
15-01-2019 | 09:36:00
Growth in the Middle East and North Africa is estimated to have improved to 1.7 percent in 2018, contributed by acceleration in activity of both oil exporters and importers.
Jan De Nul successfully completes first major umbilical installation project in Egypt
15-01-2019 | 07:12:03
Jan De Nul Group has successfully completed the installation and burial of the two main subsea umbilicals for the exploitation of new gas fields in the West Nile Delta concessions, in the North Alexandria region, Egypt.
Protiviti unveils a new firm in Egypt
10-01-2019 | 07:04:00
To further address the needs of its clients, global consulting firm Protiviti has unveiled a new member firm in Cairo, Egypt.
Merck Foundation partners with National Cancer Institute of Egypt to provide Masters Degree in Medical Oncology for African doctors
09-01-2019 | 11:31:49
Merck Foundation, the philanthropic arm of Merck Germany partners with Egypt’s National Cancer Institute to provide Master Degree in Medical Oncology for African doctors.
[Egypt] Saudia Cargo launches sales office at Cairo Airport
08-01-2019 | 11:09:06
Dedicated freight subsidiary of Saudia, Saudia Cargo has opened its newest sales office at Cairo Cargo City inside Cairo International Airport.
Egypt foreign reserves drop 4.4% in December
08-01-2019 | 09:17:00
Egypt's foreign currency reserves dropped by 4.4 percent to 42.5 billion U.S. dollars in December 2018, compared with 44.5 billion dollars in November.
[Egypt] Cabinet approves Russian technical support for Dabaa nuclear project
04-01-2019 | 10:19:53
Egypt is set to sign the fifth contract of extending financial and technical support offered by the Russian side to carry out Al Dabaa nuclear project.
EFG Hermes Leasing in deal with HSBC Bank Egypt to finance capital expansions for SMEs
03-01-2019 | 12:06:07
EFG Hermes Leasing and HSBC Bank Egypt have signed a collaborative agreement that will help small and medium-sized enterprises (SMEs) get access to EGP400 million in leasing.
[Egypt] IFC invests $1 million in Vezeeta to bolster health innovations
13-12-2018 | 11:09:17
IFC is investing $1 million in Vezeeta, an Egyptian technology company that operates an online platform that allows patients to quickly find doctors.
[Egypt] Shifting public funds from infrastructure to investing in people - World Bank report
13-12-2018 | 08:33:00
Egypt has an opportunity to capitalize on current reforms by enabling more private investment in infrastructure and freeing up public funds for investments in people’s education, health and social protection.
Africa is an extremely important market for South Africa, Trade Minister
13-12-2018 | 07:04:00
South Africa Minister for Trade and Industry Dr Rob Davies said that South African business people should consider the continent as an extremely important market, especially for trade in value added products.
[Egypt] e-health startup Vezeeta receives $1m funding from IFC
11-12-2018 | 13:18:00
Egyptian e-health startup Vezeeta has raised $1 million in additional funding from IFC to add to the $12 million in Series C financing it raised earlier this year to continue its international expansion.
[South Africa] Liquid Telecom receives $180m investment from CDC Group
11-12-2018 | 07:53:00
Liquid Telecom has reached an agreement with CDC Group, the UK’s development finance institution, to invest $180m in the company.
World Bank and Egypt sign $1b reform program agreement
11-12-2018 | 06:30:00
The World Bank and Egypt have signed an agreement for a US$1 billion program to support the next phase of the country’s reform program.
Egyptian Government approves Mubadala Petroleum and BP in Nour North Sinai Offshore concession
10-12-2018 | 10:09:57
The sale of a 20% participating interest to Mubadala Petroleum and a 25% participating interest to BP in the Nour North Sinai Offshore concession, Egypt, have today been approved by the Egyptian Government.
Senegal, Kenya, South Africa and Egypt projects reap from low carbon initiative
10-12-2018 | 08:26:26
A new report has highlighted the impact of a project implemented by the United Nations Industrial Development Organization.
North Africa mobile phone market sees strong growth as demand for feature phones surges, IDC
10-12-2018 | 08:26:00
The North Africa mobile phone market, comprising Egypt, Tunisia, Algeria, and Morocco, saw year-on-year shipment growth of 11.5% in the third quarter of 2018.
Liquid Telecom to invest $400m in Egyptian network infrastructure
10-12-2018 | 06:25:00
Pan-African telecoms group Liquid Telecom has announced that it is investing 8 billion Egyptian Pounds (USD400m) in Egypt over the next three years.
IFC identifies 100 startups that are key to speeding up innovation in Africa
07-12-2018 | 06:14:00
IFC and Egypt’s Ministry of Investment and International Cooperation have selected over 100 high-potential start-ups to participate in a new initiative designed to spur innovation in Africa.
Egypt, Israel announce $15 billion gas export deal
06-12-2018 | 07:23:09
A $15 billion deal has been announced between Israel and Egypt to export natural gas.
World Bank announces $1 billion program to develop Egypt’s private sector
05-12-2018 | 13:48:23
The World Bank has announced a new US$1 billion program to support the second generation of Egypt’s reform program.
OFID invests $50 million to support Egypt purchase gas, petroleum products
05-12-2018 | 11:20:36
The OPEC Fund for International Development, OFID, has announced it is contributing $50 million to support Egypt’s purchase of crude oil, petroleum products and liquefied natural gas.
Egypt elected as President of Arab Telecom Council of Ministers
03-12-2018 | 09:08:00
Egypt has been elected as the executive president of the The Council of Arab Ministers of Communication and Information, with Saudi Arabia as vice president, for the next two years.
ITC to launch SheTrades in Uganda and Egypt
27-11-2018 | 18:06:00
The International Trade Centre (ITC) will next year launch the SheTrades programme in Uganda and Egypt.
Telecom Egypt partners with Nokia to upgrade its network capacity
26-11-2018 | 11:58:00
Telecom Egypt has adopted Nokia's Photonic Service Engine (PSE) technology to double backbone capacity on its Delta Region DWDM backbone network.
[Egypt] UNCTAD, Competition Authority launch training centre to boost knowledge base of agencies
22-11-2018 | 13:04:00
Implementing competition law and policy has an increasingly regional flavour as countries navigate the complex globalized world.
Egypt, Eurasian Union to start negotiating free trade agreement
20-11-2018 | 09:29:00
Egypt and the Eurasian Economic Union have signed a framework document for negotiations on the free trade agreement between both sides
Mexico's investments in Egypt record $950m
20-11-2018 | 09:24:00
Mexican investments in Egypt hit $950 million, in the fields of contracting, machinery parts factories, automobiles, technology, cement, petroleum, and veterinary medical materials.
Egypt's textile exports hit $678m in 9-month period
20-11-2018 | 08:18:00
Egypt's textile exports increased during January-September, 2018 by 10% to reach $678 million compared to $614 million during the same period last year.
Egypt’s private sector wins big at the Africa Investment Forum
13-11-2018 | 12:43:48
Projects from Egypt’s private sector showed strongly at the just concluded Africa Investment Forum during which transactions close to US$50 billion were promoted by sponsors in three days of Boardroom sessions.
[South Africa] Liquid Telecom extends Microsoft Azure from Cape to Cairo
13-11-2018 | 11:29:00
Liquid Telecom has extended the availability of Microsoft Azure from the Cape to Cairo, continuing its lead in the African cloud revolution.
[Egypt] Eni sells 20% stake in Nour North Sinai Offshore concession to Mubadala Petroleum
12-11-2018 | 10:48:00
The CEO of Petroleum & Petrochemicals, Mubadala Investment Company, Musabbeh Al Kaabi, and the CEO of Eni, Claudio Descalzi, have today signed an agreement for the sale of a 20% participating interest to Mubadala Petroleum.
[Egypt] TechnipFMC enters deal with MIDOR for modernization of complex
09-11-2018 | 08:35:00
TechnipFMC has signed an Engineering, Procurement, and Construction (EPC) contract with Middle East Oil Refinery (MIDOR) for the modernization of existing complex near Alexandria, Egypt
IMF reaches staff-level agreement on the 4th review for Egypt’s extended fund facility
01-11-2018 | 07:27:00
The IMF staff team and the Egyptian authorities have reached a staff-level agreement on the fourth review of Egypt’s economic reform program, which is supported by the IMF’s SDR 8.597 billion .
The Africa 2018 Forum | 8-9 December 2018 | Sharm El Sheikh | Egypt
30-10-2018 | 12:17:00
Greater economic integration through increased investment flows into Africa
[Cameroon] Officials to review studies on accountable development planning
30-10-2018 | 09:01:00
About 70 stakeholders comprising executives and planning experts, statistics executives and experts, members of the civil society and representatives from the private sector will converge in Yaounde to review and validate two ECA studies on accountability and statistics in development planning in Cameroon.
Intertek to build an IT products’ testing and certification lab in Egypt
29-10-2018 | 12:31:00
Egypt’s ministry of ICT has signed an agreement with Intertek, specialized in inspection, physical tests, and certification.
CR2 in talks with two banks in Egypt to provide e-payment services
25-10-2018 | 09:14:00
CR2, global banking software company, is negotiating with two banks operating in the Egyptian market to provide e-payment services, according to the company’s regional director Sherif Soliman.